WASHINGTON (Reuters) -The Trump administration will not bail out New York City in any financial crisis if Democratic mayoral candidate Zohran Mamdani follows through with his plans, Treasury Secretary Scott Bessent said on Wednesday.

“I guarantee you – and there are not a lot of things in life that are sure – that New York City will be coming to the federal government for a bailout if the Mamdani plans are implemented,” Bessent said in an interview with Fox Business Network.

Asked if he would give the city a bailout under those circumstances, Bessent said, “It will be the same thing that Gerald Ford said: ‘Drop dead.'”

While former President Ford never actually said those words, a New York tabloid headline used the phrase to capture the moment in 1975 when the Republican president refus

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